Monday, March 10, 2008

Because grandparents also want pursue hobbies

Shashank Paranjape, the real-estate developer generally credited with introducing retirement homes to India, opened his first project, Athashri, in 2003 in Pune as a complex explicitly modeled on Western retirement homes.

With roughly 1,000 residents in four branches, Athashri is a thriving community that looks as though it were plucked straight from Florida, right down to the early-bird specials — spicy lentils and rice.

Paranjape plans retirement homes in five more Indian cities, but he and other developers face major hurdles. To read more, please,visit:
The Associated Press: In Booming India Retirement Homes Spread

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